Every 10-Q that Middleby Corp (MIDD) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow MIDD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MIDD filings page.
The Middleby Corporation reported higher sales but lower profitability as it reshapes its portfolio. For the six months ended July 4, 2026, net sales from continuing operations rose 12.3% to $1,715.5 million, led by both Commercial Foodservice and Food Processing, including contributions from 2025 acquisitions.
Despite growth, margins compressed: gross margin fell to 38.4% from 39.9% and net earnings from continuing operations declined to $139.5 million from $186.7 million, weighed down by higher interest expense, a higher effective tax rate of 29.6%, and a $28.9 million equity-method loss from the new Residential affiliate, Composition Brands.
Strategic actions were significant. The company sold 51% of its Residential Kitchen Equipment Group, receiving $564.6 million cash and a note now valued at $86.9 million, and recorded a large discontinued-operations loss of $134.8 million, leaving total net earnings at $4.7 million. Middleby also completed the spin-off of food processing business Midera, which will be reported as discontinued operations starting in the third quarter.
Operating cash flow from continuing operations remained strong at $187.5 million. The company used proceeds and cash to reduce total debt to $2.0 billion from $2.17 billion while aggressively repurchasing shares, spending $581.9 million on buybacks in the first half and ending with equity of $2.21 billion.
The Middleby Corporation reported strong growth in its core businesses but a net loss driven by a major divestiture. For the quarter ended April 4, 2026, net sales from continuing operations rose to $839.9 million, up 15% year over year, with Commercial Foodservice and Food Processing both growing, especially internationally.
Net earnings from continuing operations were $85.3 million, but a $135.4 million loss from discontinued operations, mainly the sale of a 51% stake in the Residential Kitchen Equipment Group, led to a total net loss of $50.1 million and basic diluted loss per share of $1.06. The Residential transaction generated $564.6 million of cash proceeds plus a note receivable and a 49% equity interest in the new entity, Composition Brands.
Middleby used part of the proceeds to reduce total debt from $2.2 billion to $1.9 billion and repurchased 2.39 million shares for about $374.8 million. Management is also targeting a July 6, 2026 spin-off of its Food Processing business into Midera Food Processing, Inc., subject to customary approvals, while noting ongoing pressures from tariffs, inflation, and supply chain constraints.
The Middleby Corporation (MIDD) reported a Q3 2025 net loss driven by non‑cash impairments. Net sales were $982.1 million versus $942.8 million a year ago, but the company recorded $709.1 million of impairments, resulting in GAAP EPS of $(10.15) compared with $2.12 in the prior year period.
Impairments included a $572.6 million goodwill charge in the Residential Kitchen Equipment Group, $131.8 million to trademarks and tradenames, and $3.5 million to developed technology, reflecting weaker demand and macro headwinds cited by management. Operating cash flow for the nine months was $439.5 million. Cash ended the quarter at $175.1 million, with total debt of $2.07 billion.
The credit facility was amended on August 19, 2025 to extend maturity to April 28, 2028. The 1.00% Convertible Notes matured on September 1, 2025; the principal was settled in cash and 493,917 shares were delivered for the excess conversion value, partially offset by 472,432 shares received under capped calls. The company repurchased 1,049,354 shares for $148.6 million in the quarter and continues to target a spin-off of its Food Processing business by the first half of 2026, subject to customary conditions.